Asia-Pacific Online Payment Methods 2018: Analysis for the Full Year of
2017 - E-Wallets Lead Online Payment Growth - ResearchAndMarkets.com

E-Commerce in the vast Asia-Pacific region is rapidly expanding, with
digital and mobile wallets emerging as the leading payment method in
many of the 10 major markets of the region covered in this report. They
were used for nearly 50% of online purchases in the region last year,
accounting for more online sales than credit cards.

China's Alipay and WeChat dominate the digital wallet scene in the
region along with upcoming mobile wallets in India. In the more mature
economies of Japan, South Korea and Australia, card payments still
prevail, but digital methods are increasingly used there, also.

Along with digital wallets, the smartphone or mobile payment also are
widely used in the Asia-Pacific region. In fact, this region leads the
world in mobile payment penetration, according to information cited in
this report. QR-based payments are widely used especially in China,
rivalling cash for payment in-store.

In addition to the spreading use of digital and mobile wallets, other
alternatives to the use of credit card in online purchases in the
Asia-Pacific region are cash on delivery and bank transfers. But credit
cards are not going away: the increasing penetration of online purchases
in Indonesia and Vietnam results in growing use of plastic.